Belize Could Be The New Bahamas For Vacation Rentals

Can you tell me how often a property is on the market in Belize? If we were to invest and something were to emerge and a property had to be sold, how long would it take on average? I’ve already worked with someone, but I’d like a different opinion.

With Dennis leading us through an old-school paper map, we felt like we were on a treasure hunt. The small resort community is being built just outside Corozal. A real alternative to investing in the stock market. Our certified properties have been inspected and come with a 30-day money-back guarantee. Focus your Family Office A well-dedicated and established family office is essential for high net worth individuals.

Investors can buy oceanfront lots around the world, starting at as little as $40,000. If you buy this for your family once development begins, these lots will increase exponentially. That is why we have agreed to become your information partners.

At that point, you’ll have to pay for the closing costs you initially avoided. The ownership of your unit remains in the name of The Grand Baymen Oceanside Resort, Ltd., so no taxes are due. The closing costs in Belize are almost 18% high for new construction. This is because Belize, like many countries today, collects its normal sales tax the first time the unit is sold. (It’s a value-added tax, and for a home, value is added when you build.) When quoting prices, I will include this tax to keep the numbers simple and clear. Ambergris Caye is located directly within the barrier reef system and is where most divers and swimmers are located while visiting the country.

A property like this would set you back over a million dollars in Australia, over $500,000 elsewhere in Latin America, and we won’t even mention how much it would cost in Miami. You won’t find anything better or cheaper anywhere else. If you are considering buying something local in the city, understand that zoning does not exist in this country. You usually pay a stamp duty of 10% when you buy a property, and there is also a land tax on purchases of undeveloped land.

We invite you to use this article as a starting point in your search. You can hardly go wrong in any of these markets, with an experienced real estate Belize Real Estate lawyer from Belize to help you handle the legality of your trades. Belize’s rural rainforest district also sees a large portion of tourist traffic.

Of course, you can spend a lot of money on American-style luxury developments. But you can also buy raw ground at prices not seen in the United States since the 1960s and find a simple but beautiful rental home near the sea in some areas for less than US$200. A little-known benefit for those who want to invest in real estate in Belize is that there is no capital gains tax. So if you buy land and later sell it at a good profit, you won’t pay taxes on capital gains — all profits will stay with you. In addition to low cost of living, Belize has very affordable housing.

And because there are many properties on the market, prices are generous. Belize is one of the most beautiful and unique countries in Central America and offers the best of the Caribbean. Belize’s advantages are political stability, low crime rates and tropical beaches. Ambergris Caye is the pearl of Belize, with all the destinations and locations in Belize, Ambergris Caye attracts more than 70% of the country’s tourists. Ambergris Caye is an island in northern Belize, and most of the island is dedicated to national park and marine reserves, so there are strict rules for land use and limited space for development.